Shares of Brookfield Renewable Energy Partners LP (NYSE:BEP) (TSE:BEP.UN) have been given an average recommendation of “Hold” by the eleven research firms that are covering the firm. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.40.

Several analysts recently commented on the company. BMO Capital Markets restated a “buy” rating on shares of Brookfield Renewable Energy Partners in a research report on Sunday, November 6th. TD Securities reaffirmed a “buy” rating and set a $35.00 price objective (up from $33.00) on shares of Brookfield Renewable Energy Partners in a research note on Wednesday, August 10th. Barclays PLC reaffirmed an “equal weight” rating and set a $44.00 price objective (up from $43.00) on shares of Brookfield Renewable Energy Partners in a research note on Sunday, November 6th. Zacks Investment Research raised Brookfield Renewable Energy Partners from a “strong sell” rating to a “hold” rating in a research note on Monday, August 8th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $41.00 price objective on shares of Brookfield Renewable Energy Partners in a research note on Tuesday, October 4th.

A number of large investors have recently modified their holdings of BEP. Goldman Sachs Group Inc. increased its stake in shares of Brookfield Renewable Energy Partners by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 89,832 shares of the company’s stock worth $2,690,000 after buying an additional 1,340 shares in the last quarter. Springbok Capital Management LLC increased its stake in shares of Brookfield Renewable Energy Partners by 450.0% in the first quarter. Springbok Capital Management LLC now owns 4,400 shares of the company’s stock worth $132,000 after buying an additional 3,600 shares in the last quarter. First Manhattan Co. increased its stake in shares of Brookfield Renewable Energy Partners by 5.2% in the second quarter. First Manhattan Co. now owns 531,975 shares of the company’s stock worth $15,754,000 after buying an additional 26,500 shares in the last quarter. CIBC World Markets Inc. increased its stake in shares of Brookfield Renewable Energy Partners by 30.5% in the second quarter. CIBC World Markets Inc. now owns 699,047 shares of the company’s stock worth $20,825,000 after buying an additional 163,581 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its stake in shares of Brookfield Renewable Energy Partners by 0.5% in the second quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 18,793 shares of the company’s stock worth $560,000 after buying an additional 100 shares in the last quarter. 55.64% of the stock is currently owned by institutional investors and hedge funds.

Brookfield Renewable Energy Partners (NYSE:BEP) traded up 0.22% during midday trading on Monday, hitting $29.17. 21,026 shares of the company traded hands. The stock’s market cap is $8.65 billion. The stock has a 50 day moving average of $29.64 and a 200 day moving average of $30.06. Brookfield Renewable Energy Partners has a 12-month low of $20.36 and a 12-month high of $31.85.

Brookfield Renewable Energy Partners (NYSE:BEP) last released its earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $0.06. The business earned $580 million during the quarter, compared to analyst estimates of $602.74 million. Brookfield Renewable Energy Partners had a net margin of 1.36% and a return on equity of 0.27%. Equities research analysts predict that Brookfield Renewable Energy Partners will post $0.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be paid a dividend of $0.445 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 6.12%. Brookfield Renewable Energy Partners’s dividend payout ratio (DPR) is currently -1,112.50%.

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About Brookfield Renewable Energy Partners

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The Company operates over three biomass facilities and Co-generation (Co-gen) facilities. The Company operates through three segments: Hydroelectric, Wind and Other, which includes Co-gen and Biomass.

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